Sales Mortgage Rates Drop Under 3%, Breaking New Record Mortgage rates continue to break records as Freddie Mac announced a new low for the average 30-year fixed rate yesterday. The average 30...
Economics Rising Lumber Prices May Affect Home Affordability When construction returned in full-force, lumber mills were not prepared to meet the demand. And with heightened demand comes heightened...
Economics Home Sales Above Pre-Pandemic Levels, Mortgage Rates Drop Even Lower Record low mortgage rates helped push homebuyer demand past pre-pandemic levels for the week ending July 5. According to Redfin, home sales...
Sales Home Prices Are Steady, Market Remains Highly Competitive Since April 2019, median home prices have increased steadily and not even a pandemic ended the streak. The pandemic has put a damper on the...
Sales Homebuyer Demand Falls Back as Mortgage Rates Hit New Low Last week, average contract interest rates dropped, total mortgage application volume grew, and homebuyer demand fell. The Mortgage Bankers...
Economics Nobel Prize-Winning Economist Says Urban Homes Prices May Decline City living provides easy access to restaurants, museums, and theater, but with many of those perks now locked tight behind closed doors,...
Sales What Bidding Wars Mean for Buyers and Sellers The current housing market creates the perfect recipe for bidding wars. Housing supply is low, buyers want homes that support their shifting...
Economics 5 Housing Experts Share Predictions for Industry's Future The housing market took an unexpected turn upward in recent months, but what is to come is still up in the air. Five housing market...
Sales The Factors Keeping the Housing Market Afloat For several months, it appeared as though the housing market would be seeing its darkest days. But even with growing unemployment and an...
Sales Majority of Buyers Face Bidding Wars in May, June With a small number of homes up for grabs and historically low mortgage rates, more than half of homebuyers have found themselves in bidding...